Russia and Japan may introduce a joint digital currency

Follow Telegram @SmartContractDAO

Russia and Japan may introduce a joint digital currency for residents of the far eastern Kuril Islands.

According to reports highlighted by Russian news resource Future Banking, a program for joint economic growth in the area put forward by Japanese authorities includes provision for such a currency, “which would stimulate economic growth.”

https://cointelegraph.com/news/russia-japan-consider-joint-digital-currency-for-kuril-islands

Blockchain technology in Canada

The Ontario Securities Commission (OSC) is advising businesses that use distributed ledger technologies (DLT), such as blockchain, as part of their financial products or service offerings that they may be subject to Ontario securities law requirements.

"Many uses of distributed ledger technologies have the potential to increase transparency and efficiencies in our capital markets, and we are keen to support this type of innovation," said Pat Chaukos, Chief of OSC LaunchPad. "Because this is a novel area, businesses may not be aware that some uses of this technology could trigger securities law requirements. We encourage these businesses to speak with us about securities law and investor protection requirements that may apply."

Businesses are using DLT in a variety of ways. DLT may be used as the underlying technology in trading, clearing and settling securities. For example, DLT may be used to facilitate issuances of equity and debt securities and to track their ownership. DLT are core to a growing number of new virtual or digital assets. Businesses may also, for example, facilitate initial coin or token offerings where ownership of the coins or tokens is tracked using DLT, or may establish investment funds with DLT-based virtual currencies in their portfolios. Products or other assets that are tracked and traded as part of a distributed ledger may be securities, even if they do not represent shares of a company or ownership of an entity. Businesses' specific use of DLT may trigger Ontario securities law requirements, including the need to be registered or file a prospectus.

SEC rejects bitcoin

https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/laurashin/2017/03/10/sec-rejects-winklevoss-bitcoin-etf-sending-price-tumbling/&refURL=&referrer=

Tokens - assets

According to Bancor, its protocol presents a technological solution in the domain of asset exchange to the classic paradox in economics known as the “double coincidence of wants” paradox. Bancor uses smart contracts to create tokens with the ability to hold one or more tokens in reserve. These tokens may represent fiat and/or national currencies or other types of assets. This creates a new type of ecosystem that is essentially a decentralized asset exchange where instant liquidity is achieved regardless of a token’s market cap or status. In addition, the Bancor protocol enables the creation of decentralized ETFs (Exchange Traded Funds).

https://www.ethnews.com/israeli-startup-wins-at-the-international-blockchain-competition

DAO legal poblem

“Ethereum: Fixing the legal problem of the DAO” @bxd_io https://medium.com/@demnity/ethereum-fixing-the-legal-problem-of-the-dao-4cae1eea63a6